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Former Member
Jul 21, 2010 at 01:16 PM

Unable to transfer the asset using abumn

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We have a problem in completing a partial asset transfer using ABUMN. At present (current date) the asset value is nil but we would like to do a partial transfer during may 2009 when the Net Book value of the asset is Rs 87 lakhs.

The Gross value of the asset is Rs 4 crores. The gross value of asset to be transfered in May 2009 is Rs 83 Lacs. How do we resolve the issue

As audit is in progress i require an immediate solution.

Thanks & Regards,

K Chithra